Training Service: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Training Service
Largest movements
- Cash +€52,813
up €52,813 (+87.8%), from €60,157 to €112,970
mainly Net result for the year (+€70,213) and Depreciation (+€10,799)
- Current investments +€5,000
up €5,000 (+10.0%), from €50,000 to €55,000
- Tangible fixed assets -€3,563
down €3,563 (-6.2%), from €57,364 to €53,801
of which Land and buildings: -€5,109
- Reserves +€58,151
up €58,151 (+43.0%), from €135,198 to €193,349
- Debts after one year -€3,777
down €3,777 (-13.5%), from €28,019 to €24,242
- Other debts +€3,656
up €3,656 (+14.9%), from €24,466 to €28,122
- Current portion of long-term debt -€3,331
down €3,331 (-46.9%), from €7,108 to €3,777
- Financial income +€20,496
up €20,496 (+1,249%), from €1,641 to €22,137
- Gross operating margin +€10,283
up €10,283 (+13.0%), from €79,235 to €89,518
- Taxes +€3,346
up €3,346 (+13.7%), from €24,362 to €27,708
- Depreciation +€3,130
up €3,130 (+40.8%), from €7,669 to €10,799
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €219,481 | €274,501 | +€55,021 | +25.1% |
| Fixed assets | 21/28 | €60,601 | €57,038 | -€3,563 | -5.9% |
| Tangible fixed assets | 22/27 | €57,364 | €53,801 | -€3,563 | -6.2% |
| Land and buildings | 22 | €48,519 | €43,410 | -€5,109 | -10.5% |
| Plant, machinery and equipment | 23 | €1,018 | €1,438 | +€419 | +41.2% |
| Furniture and vehicles | 24 | €7,827 | €5,045 | -€2,782 | -35.5% |
| Other tangible fixed assets | 26 | - | €3,908 | +€3,908 | |
| Financial fixed assets | 28 | €3,237 | €3,237 | = | 0.0% |
| Current assets | 29/58 | €158,879 | €217,463 | +€58,584 | +36.9% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,518 | €22,820 | +€1,302 | +6.0% |
| Trade receivables | 40 | €21,518 | €22,779 | +€1,261 | +5.9% |
| Other amounts receivable | 41 | €0 | €40 | +€40 | |
| Current investments | 50/53 | €50,000 | €55,000 | +€5,000 | +10.0% |
| Cash at bank and in hand | 54/58 | €60,157 | €112,970 | +€52,813 | +87.8% |
| Deferred charges and accrued income | 490/1 | €2,204 | €1,673 | -€530 | -24.1% |
| Total equity and liabilities | 10/49 | €219,481 | €274,501 | +€55,021 | +25.1% |
| Equity | 10/15 | €141,398 | €199,549 | +€58,151 | +41.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €135,198 | €193,349 | +€58,151 | +43.0% |
| Distributable reserves | 133 | €135,198 | €193,349 | +€58,151 | +43.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €78,083 | €74,953 | -€3,130 | -4.0% |
| Amounts payable after more than one year | 17 | €28,019 | €24,242 | -€3,777 | -13.5% |
| Financial debts | 170/4 | €28,019 | €24,242 | -€3,777 | -13.5% |
| Amounts payable within one year | 42/48 | €50,064 | €50,711 | +€647 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €7,108 | €3,777 | -€3,331 | -46.9% |
| Trade debts | 44 | €4,725 | €4,506 | -€218 | -4.6% |
| Suppliers | 440/4 | €4,725 | €4,506 | -€218 | -4.6% |
| Taxes, remuneration and social security | 45 | €13,765 | €14,305 | +€540 | +3.9% |
| Taxes | 450/3 | €11,962 | €12,489 | +€528 | +4.4% |
| Remuneration and social security | 454/9 | €1,803 | €1,816 | +€13 | +0.7% |
| Other amounts payable | 47/48 | €24,466 | €28,122 | +€3,656 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,669 | €10,799 | +€3,130 | +40.8% |
| Other operating charges | 640/8 | €1,439 | €1,647 | +€208 | +14.4% |
| Gross operating margin | 9900 | €79,235 | €89,518 | +€10,283 | +13.0% |
| Operating profit (loss) | 9901 | €70,127 | €77,072 | +€6,945 | +9.9% |
| Financial income | 75/76B | €1,641 | €22,137 | +€20,496 | +1,249% |
| Recurring financial income | 75 | €1,641 | €22,137 | +€20,496 | +1,249% |
| Financial charges | 65/66B | €1,002 | €1,288 | +€286 | +28.5% |
| Recurring financial charges | 65 | €1,002 | €1,288 | +€286 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | €70,766 | €97,921 | +€27,155 | +38.4% |
| Income taxes | 67/77 | €24,362 | €27,708 | +€3,346 | +13.7% |
| Profit (loss) for the period | 9904 | €46,404 | €70,213 | +€23,809 | +51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,404 | €70,213 | +€23,809 | +51.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.